Vanguard - SMSF

I have looked at the member direct option for Australian Super a few times. I have also considered ING Super (direct investing) as well. However, I am now leaning more and more towards using the "Australian Shares" option within Australian Super. Low management fee, historical performance is solid and no hassles with brokerage and whatnot.

From memory, I think this is what @The Falcon has as well. My wife's account is with this option now and I will consider moving mine into it at some stage too.

I have looked at the member direct option for Australian Super a few times. I have also considered ING Super (direct investing) as well. However, I am now leaning more and more towards using the "Australian Shares" option within Australian Super. Low management fee, historical performance is solid and no hassles with brokerage and whatnot.

From memory, I think this is what @The Falcon has as well. My wife's account is with this option now and I will consider moving mine into it at some stage too.

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I take it this is in the DIY option mix with australian super? .31% fee per annum??

Actually, Care Super is one of the cheapest industry super funds, ($78 per year and their balanced fund is around 0.6%) - and one of its main benefits is that it does offer a members direct function where for $300 a year you can sign up for their investment platform and invest directly in shares in the ASX 300, and also a range of ETFs, LICs, and TDs. So without changing super, you can buy those Vanguard Index ETFs.

ING Direct also offers this, as does Aus Super and a number of others.

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Australian Super members directangular option can only let you invest in Asx300 and etfs no LIC's

Missed this question so emailed the author. He responded with "ING Living Super is the lowest cost that I know of at $360 p.a. and allows you to then invest in exchange traded funds (ETF) that start at only 0.04% p.a. This is a much simpler alternative to a SMSF".

Not sure how competitive the fees are but I'm with REST Super and their Core Strategy is .6%. Quick calc shows ~2% yield after fees.

I'd rather have all my Super in something like VAS for the next 30 years so looking for alternatives and the above sounds good

Thanks for the info on this so far, im very much a novice when it comes to super but have recently been looking into changing funds and taking more note about fees etc. I have been told the HostPlus balanced index fund is a great option. Does anyone currently use this or know if its a good option?

Missed this question so emailed the author. He responded with "ING Living Super is the lowest cost that I know of at $360 p.a. and allows you to then invest in exchange traded funds (ETF) that start at only 0.04% p.a. This is a much simpler alternative to a SMSF".

Not sure how competitive the fees are but I'm with REST Super and their Core Strategy is .6%. Quick calc shows ~2% yield after fees.

I'd rather have all my Super in something like VAS for the next 30 years so looking for alternatives and the above sounds good

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ING won't allow you to go 100% VAS but it would allow 20% VAS, 20% IOZ, 20% STW and 20% ARG (for example, I don't know of another large cap Australian ETF index but ARG or other LICs may give you diversity but still within Australian large caps) with 19% in balanced Australian fund (no fees) and 1% in cash hub.

In the initial stages of exploring SMSF and, was chatting with a FP today. Their fees are at approx $3K for SMSF (mine and hubby's) which includes, tax returns, reports and compliance. For those who have been with either ING super or Care Super or another industry SF for over a year, could you share what tax/reporting requirements are requried?

Yup, and the answer you've gotten so far is that the quotation you've been given at the moment probably isn't complete, and so you need to ask for a complete quotation including all costs.

The answer is likely to be that it's cheaper to go with a very low percentage based fee like sunsuper or a low fixed cost fee like ING's quasi-SMSF, but you're giving up flexibility in both of these and hence you can't make a comparison without actually knowing the real total cost of an SMSF

Yup, and the answer you've gotten so far is that the quotation you've been given at the moment probably isn't complete, and so you need to ask for a complete quotation including all costs.

The answer is likely to be that it's cheaper to go with a very low percentage based fee like sunsuper or a low fixed cost fee like ING's quasi-SMSF, but you're giving up flexibility in both of these and hence you can't make a comparison without actually knowing the real total cost of an SMSF

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I understand the quality of answers I get also depends on the quality of questions I ask. And, being a total newbie on this, my questions have been very broad. Only started reading about SMSF this week.

Trying to piggyback on people's experience with SMSF and, or ING super, Aus Super, Care Super or other industry super fund which, has enough flexibility ( to invest in LICs and ETFs ), and reasoble fees (not like AMP).